Bain Capital makes $3bn Chindata take-private offer

Bain Capital has made an offer to take Chinese data centre operator Chindata Group private in a deal valuing the business at $2.93 billion, with the company’s shares jumping by 14% as result, according to a report by Reuters. 

Bain Capital has made an offer to take Chinese data centre operator Chindata Group private in a deal valuing the business at $2.93 billion, with the company’s share jumping by 14% as result, according to a report by Reuters. 

Bain Capital’s offer for Chindata, whose shares have lost more than a fifth of their value so far this year, values the company’s American depositary shares at $8 each, which represents a 27% premium to their last closing price.

According to Bain, it already owns a 42.2% stake in Chindata, which designs and operates data centres in China, India and Southeast Asia.